OPEN-SOURCE SCRIPT
Enhanced Volume Profile & Climax
Bank POI & High Volume Peaks is an institutional-grade trading tool designed to map out future key reaction zones (Points of Interest) based on smart money footprints and psychological pricing.
Key Features:
Institutional Vol Peaks: Automatically detects local pivot highs and lows driven by significant volume climaxes. It projects these key mitigation levels forward as dashed horizontal lines into the future, identifying hidden order blocks and liquidity pools.
Psychological Round Numbers: Dynamically plots major psychological support and resistance levels (round numbers) near the current market price, where banks and large institutions heavily concentrate their pending orders.
Look for confluences where a high-volume peak line aligns perfectly with a round number to pinpoint high-probability reversal and reaction zones.
Key Features:
Institutional Vol Peaks: Automatically detects local pivot highs and lows driven by significant volume climaxes. It projects these key mitigation levels forward as dashed horizontal lines into the future, identifying hidden order blocks and liquidity pools.
Psychological Round Numbers: Dynamically plots major psychological support and resistance levels (round numbers) near the current market price, where banks and large institutions heavily concentrate their pending orders.
Look for confluences where a high-volume peak line aligns perfectly with a round number to pinpoint high-probability reversal and reaction zones.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.